Ajax Mortgage Calculator

?
Enter the amount that you are planning on paying for the property
Property Value
STEP 1
Enter property purchase price
Haven't found a property to purchase yet?
Option #1
Option #2
Option #3
Option #4
?
Enter the amount that you will pay upfront
toward the property to obtain a mortgage
Down Payment
?
CMHC mortgage insurance is required on all
mortgages with down payment less than 20%
Mortgage Insurance
+
$19,000
$13,950
$11,900
$0.00
?
Total mortgage amount is calculated by subtracting
the down payment from the property price and adding
CMHC mortgage insurance (if applicable)
Mortgage Required
=
$494,000
$463,950
$436,900
$400,000
?
Amortization period is length of time that it would take
the mortgage holder to pay off the mortgage in full
Amortization Period
?
Please select the province where you are planning
on taking out the mortgage, as mortgage rates can
vary in different provinces
Select Province
STEP 2
Select province to get current
mortgage rates
?
Mortgage type specifies whether the interest
rate is variable or fixed
Mortgage Type
?
Mortgage term is the duration of time that you
are committed to a lender, rate and conditions
Mortgage Term
?
Mortgage rate is the interest rate that you will
be paying on the outstanding balance for the
duration of the mortgage term
Mortgage Rate
Select
Select
Select
Select
STEP 3
Select one of the mortgage
rates currently available
?
Please select how often you would like
to make your mortgage payments.
Payment Frequency
?
Mortgage payment is the amount that you will be
required to pay based on your mortgage terms
Mortgage Payment
?
This is an estimate of how much you should expect
to spend upfront in order to make this purchase
Cash Needed
Down Payment
$25,000
$50,000
$75,000
$100,000
Mortgage Insurance PST
+
$1,520
$1,116
$952
$0
Lawyer Fee
+
$1,000
$1,000
$1,000
$1,000
Title Insurance
+
$500
$500
$500
$500
Land Transfer Tax
+
$6,475
$6,475
$6,475
$6,475
Total Cash Needed
=
$34,495
$59,091
$83,927
$107,975
First time home buyers in Ajax are eligible for a Land Transfer Tax rebate of up to $4,000

Contact Us

First Name
Last Name
Email
Phone
Message (Optional)
OR CALL
1.877.896.6727

Ajax Mortgage Examples

Beautiful John Boddy Built Home Located In Northwest Ajax. Great Location, Family Oriented Neighbourhood. Hardwoood Flr. On Main Level. Formal Dining Room With Treq Ceiling, Main Floor Laundry, Above Grade Basement With Spacious Back Yard. Steps To School, Park, Durham Transit. Close To 401, 407 & Recreation. Center**** Extras **** New Stainless Steel Fridge, New Furnace (2018), Washer & Dryer 3 Years, Air Conditioner 4 Years, Stove, Dishwasher, Window Coverings, Light Fixtures, Fenced Yard. Exclude: Rods & Curtains. (Id:23934)
CALL1.877.896.6727
Property Price
$749,900
Minimum Down Payment (%)
6.67%
Minimum Down Payment ($)
$49,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$11,473
Mortgage Insurance PST
$2,240
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$65,203
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$61,203
Monthly Payment
$3,257
Bungaloft In Gated Community, Stunning Two Bedroom, Three Bathroom, End Unit, Comes With A Loft Over Looking Amazing Living Space With Gas Fireplace. This Home Is Extra Bright With A Southern Exposure And Very Clean. Walkout From The Kitchen To A Large Deck. Access To The Garage. Must See!!**** Extras **** 1 Stove, 1 Fridge, 1 Dishwasher, 1 Microwave. Ruffed In Central Vac, California Shutters, Active Community And Club House. Pot Lights In Kitchen. Security System Not Activated. Snow Removal, Grass Cutting And Window Cleaning. (Id:23934)
CALL1.877.896.6727
Property Price
$639,900
Minimum Down Payment (%)
6.09%
Minimum Down Payment ($)
$38,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$9,273
Mortgage Insurance PST
$1,923
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$51,686
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$47,686
Monthly Payment
$2,796
Detached 4+2 Bedroom And 4 Washrooms House In A Convenient Location ! Main Floor Family Room With Fireplace. Big Kitchen & Breakfast Area, Walks Out To O / S Deck. Walkout Basement Has 2 Bedroom Suite With 4-Piece Bath, Living Room, Kitchen & Separate Laundry. Double Garage & Drive. Walk To Schools, Parks, Public Transit. Minutes To Hwy, Shops, Privacy Plus With No Neighbours Behind. Lower Level Is Rented $1200 / Month.**** Extras **** All Existing - 2 Fridge, 2 Stoves, 2 Clothes Washer , 2 Clothes Dryer , Microwave.Hot Water Tank ( Rental), Central Air Conditioning (Sept 2017) And Furnace (Sept 2017) Roof(08),Patio Door / South Bedrm Windows(08),200 Amp Breaker(03) (Id:23934)
CALL1.877.896.6727
Property Price
$719,800
Minimum Down Payment (%)
6.53%
Minimum Down Payment ($)
$46,980
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$10,871
Mortgage Insurance PST
$2,153
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$61,504
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$57,504
Monthly Payment
$3,131
Very Large John Boddy Built Semi Located On A Deep Pie Shaped Lot. Gently Lived In Home With Lots Of Natural Light, Originally The Model Home For This Development. True 3 Bed+Den Home With Many Upgrades, 1859 Square.Ft. No Neighbours To The Rear. Granite Countertops Throughout Kitchen, Stainless Appliances, Pot Lights, Crown Moulding, Hardwood Flrs, Main And 2Nd Flr Family Rooms, Direct Garage Access, Coffered Ceiling, Gas Fireplace. Steps To Park Playground!**** Extras **** Located In High Demand Nw Ajax Close To Great Schools, Shopping, 401, 407, Go Train. Stainless Steel Stove,Stainless Steel Fridge,Stainless Steel Dswshr, Washer&Dryer, Elf's, All Window Coverings, Central Vac Unit. Hot Water Tank Rental. See Virtual Tour (Id:23934)
CALL1.877.896.6727
Property Price
$599,000
Minimum Down Payment (%)
5.83%
Minimum Down Payment ($)
$34,900
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$8,455
Mortgage Insurance PST
$1,805
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$46,660
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$42,660
Monthly Payment
$2,625
Gorgeous Home With Brick-&-Stone Facade In Quiet Neighborhood, Featuring Spacious Living-Cum-Dining Room, Sun-Filled Kitchen In Open Concept With The Warmth Of A Family Room. Heavily Upgraded! Quartz Countertops In Kitchen, Laundry & All Washrms, California Shutters Throughout, Porcelain Flr In Kitchen, Sliding Glass Doors On All Tubs. Oak Stairs With Iron Pickets Leading To 4 Bedrms & 2Nd Flr Laundry. Drt Stop Steps Away. Separate Entrance To Basement Via Garage.**** Extras **** Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Built-In Dishwasher, Washer & Dryer, All Electrical Lighting Fixtures (Including Crystal Chandeliers), 2 Garage Door Openers With Remotes. (Excluded: Living & Mst Bedroom Curtains & Basement Fridge & Freezer). (Id:23934)
CALL1.877.896.6727
Property Price
$929,900
Minimum Down Payment (%)
7.31%
Minimum Down Payment ($)
$67,990
Best Mortgage Rate (%)
2.49%
Mortgage Type
5 Years Fixed
Amortization
25 Years
Land Transfer Tax (LTT)
$15,073
Mortgage Insurance PST
$2,758
Lawyer Fee
$1,000
Title Insurance
$500
Total Cash Needed
$87,321
First Time Home Buyer
Land Transfer Tax Credit
-$4,000
Cash Needed
$83,321
Monthly Payment
$4,011

Mortgages In Ajax

Suburban life that exists outside the city of Toronto can easily be found in Ajax! At times confused with Pickering due to the two practically having no empty space between them, Ajax is a 'textbook suburbia' that encompasses golf courses, explorable conservation areas & parks (some with beaches), healthcare centres, abundant schools, amenities, and public transportation. The real estate opportunities here are at an all-time high (thanks to the growing economy), with various housing stock dwellings that can meet or exceed home buyers' expectations. A mortgage loan can be one financial solution for purchasing a new home here, and using an Ajax mortgage calculator can help. With new residential developments going up in the horizon, buyers will find that this city is more than a great investment, and using a mortgage calculator will help you to find out what your monthly payment would be on a specifically priced home. When a home listed on the MLS has your attention and you feel you are ready to move forward to approach a lender for a mortgage loan, make sure that you have taken stock of your finances, because you are about to dive into the mortgage market. Mortgage brokers are cunning & know this market well (a great ally to have in this crazily competitive sector).
Securing a mortgage loan for a home in Ajax is not going to be a problem when you have your finances in order (if you curiously used any other type of mortgage calculator, then you already know that lenders will dive deep into your financial history). Buying a home is not usually done on a whim, but some home buyers are not as prepared financially as they should be. Lenders look at credit history (did you manage to pay off any debts in a timely manner and in full), verifiable job/income tenure, is your down payment & closing costs saved or borrowed, do you possess assets, and so on. Sure, there are lenders out there that work with people for a mortgage loan that are not financially prepared or that have less-than-spotless credit ratings & debt, but these lenders will impose higher interest rates and additional fees to cover the higher risk. Mortgage loan lenders will not offer you the full scope of mortgage products if there is more risk involved, so if you had a hybrid mortgage on your mind as ideal for your finances (a split mortgage that uses both a variable rate mortgage and a fixed rate mortgage), you may be out of luck.